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Residential Investment In Thompson For Sale

Thompson, Manitoba
Asking Price:
$7,235,000 (CAD)
Sales Revenue:
$1,300,000 (CAD)
Cash Flow:
$616,000 (CAD)

15, 35, 45, 55, 71 Ashberry Place in Thompson, Manitoba contains 108 residential apartment units on three floors. The units are a mix of 15 one-bedroom and 93 two-bedroom apartments.

- Gross rent revenue is $111,000/month
- Average vacancy rate ranged from 10-15% over in the past 12 months. At 10% as of November 2018.
- Multiple capital upgrades over the past four years, such as roof, laundromat, etc.
- Assumable first mortgage of $3.2 million at 2.28%.

Assets Included: 5 buildings, comprising of 108 rental units

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